Korea to provide US$5bn trade cover for defence exports
April 18 2024 by InsuranceAsia News-
Korean insurers brace for more investment return volatility: Fitch
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The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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Allianz Commercial names Young Jeong Lee as head of financial lines, Korea
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Lee joined from Samsung Fire & Marine, where he worked 12 years as a senior professional in its finance and energy department and global strategy department.
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Korea to provide US$2bn trade insurance as “AI supercycle” looms: report
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South Korea's Trade, Industry and Energy Minister Ahn Deok-geun said that the demand for power from AI utilisation has boosted the power device market in a supercycle through which the country can bolster its exports.
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Lotte Insurance final bids due June 28, Woori remains in the race
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The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.